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USLIFE CORPORATION ANNOUNCES REDEMPTION OF 8-3/8 PERCENT NOTES

 NEW YORK, Jan. 25 /PRNewswire/ -- USLIFE Corporation (NYSE: USH) announced today that it has advised the holders of the corporation's 8-3/8 percent notes, due March 1, 1996, that it will redeem the debt issue, without penalty, on March 1, 1993. Announcement of the $100 million redemption was made by Gordon E. Crosby, Jr., chairman of the board, president and chief executive officer of USLIFE Corporation.
 The notes are redeemable at the principal amount together with accrued interest. Chemical Bank, successor by merger to Manufacturers Hanover Trust Company, is the trustee.
 -0- 1/25/93
 /NOTE TO EDITORS: USLIFE Corporation is a life insurance-based holding company whose principal subsidiaries engaged in the life insurance business. With nationwide operations, the USLIFE Life Insurance Division has three ordinary life insurance companies and a credit insurance group with approximately $110 billion of life insurance in force as of Sept. 30, 1992. Additionally, there are five other subsidiaries that furnish the life insurance companies with investment advisory, broker-dealer, real estate, data processing and administrative services./
 /CONTACT: Richard P. Keating, vice president - corporate communications of USLIFE Corporation, 212-709-6227/
 (USH)


CO: USLIFE Corporation ST: New York IN: INS SU:

LR-SH -- NY023 -- 8378 01/25/93 10:31 EST
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Publication:PR Newswire
Date:Jan 25, 1993
Words:202
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